Core, Hardware & Software

It goes without saying that keeping up to date with the latest technology can cost a pretty penny, but many community banks don’t even realize some of their current technology practices are racking up a bill. To help save banks money, time and frustration, here are some things to look out for when assessing your tech budget.

SPONSORED | Enterprise content management (ECM) technology is often thought of as a back-office system for avoiding information loss and supporting document retention. While those goals are important, selecting the right ECM solution for your financial institution can unlock strategic advantages, too.

The CFPB’s open banking rule opens financial data to authorized third parties. Will your core processor be ready if it takes effect?

From scheduling and information-sharing to bolstered security, board management software could smooth the bumps in the road that come with manual management processes.

The best technology is the kind that supports both the customer and the community bank. We look at some key industry challenges and where tech could potentially ease pain points. Importantly, we encourage banks to ask one essential post-implementation question: Is this technology getting the job done?

SPONSORED | For 45 years spreadsheets have dominated business tasks from bookkeeping and inventory management to advanced data analysis. The problem is the overuse of Excel leads many community banks to embrace terrible tradeoffs – especially in commercial lending. It’s time to ditch your spreadsheets.

At each step of the process, a core conversion will hold new challenges. Make sure you have the tools and knowledge to address these issues and support your employees through it all.

A high-functioning digital platform is no longer an added perk for bank customers—it’s the standard. That’s why these community banks made the jump and revamped their digital experiences to meet the needs of a wider customer base.

What questions do community banks need to ask to ensure they’re getting the most out of their core? We spoke to experts on when you should consider a change, the timeline, the importance of provider relationships and more.